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Technology Stocks : Net Perceptions, Inc. (NETP) -- Ignore unavailable to you. Want to Upgrade?

To: Mao II who wrote (707)	5/21/1999 1:00:00 PM
From: neverenough	Read Replies (1) \| Respond to of 2908

BANCBOSTON ROBERTSON STEPHENS Keith E. Benjamin, CFA - 415-693-3285 mailto:Keith@rsco.com NET PERCEPTIONS - We initiated coverage on Net Perceptions this week with a Buy rating. Net Perceptions has developed recommendation engine software which it uses as a foundation for specific products aimed at various selling and marketing functions across multiple Web applications. Net Perceptions in essence creates a “virtual shopkeeper”, that learns what products a customer likes/dislikes and makes appropriate recommendations in “real time”, meaning the time taken to analyze the Web user and query the database is imperceptible to the user. We believe there is considerable upside to our remaining estimates for 1999. We believe the model is poised for fast growth and a great margin structure. Short term, we believe Q1 numbers will exceed our estimates, based on the strength of the company's core eCommerce product. Looking out a year or more, we believe rapid customer growth and new products will prove our future estimates very conservative. We believe the company can grow into and past its valuation by continuing to help merchants and advertisers reach the right audience online. We believe the only catalysts we will see for the next several quarters will be positive, and that the company's focus on such a large market opportunity will help it grow into a much larger valuation.